Abbreviated Company Accounts - GIS LONDON LIMITED

GIS LONDON LIMITED - Company Information

Registered Number 07227812

GIS LONDON LIMITED

Abbreviated Accounts

30 April 2015

GIS LONDON LIMITED Registered Number 07227812

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	399,752	397,365
		399,752	397,365
Current assets
Debtors		33,839	30,985
Cash at bank and in hand		21,953	7,544
		55,792	38,529
Creditors: amounts falling due within one year		(213,772)	(212,998)
Net current assets (liabilities)		(157,980)	(174,469)
Total assets less current liabilities		241,772	222,896
Creditors: amounts falling due after more than one year		(225,030)	(226,964)
Total net assets (liabilities)		16,742	(4,068)
Capital and reserves
Called up share capital		3	3
Profit and loss account		16,739	(4,071)
Shareholders' funds		16,742	(4,068)

For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 January 2016

And signed on their behalf by:
Mr I. Karamehmet, Director

GIS LONDON LIMITED Registered Number 07227812

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures, Fittings and Equipment 15% per annum on a reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 May 2014	410,898
Additions	7,539
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	418,437
Depreciation
At 1 May 2014	13,533
Charge for the year	5,152
On disposals	-
At 30 April 2015	18,685
Net book values
At 30 April 2015	399,752
At 30 April 2014	397,365

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures, Fittings and Equipment 15% per annum on a reducing balance basis